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from the missed-chance-to-sell-to-the-Boring-Company dept.
McAfee announced that it has acquired Canada-based virtual private network (VPN) company TunnelBear. Terms of the deal were not disclosed.
Founded in 2011, Toronto-based TunnelBear has gained a solid reputation for its fun, cross-platform VPN app that uses quirky bear-burrowing animations to bring online privacy to the masses.
The company claims around 20 million people have used its service across mobile and desktop, while a few months back it branched out into password management with the launch of the standalone RememBear app.
[...] McAfee has said that it bought TunnelBear for its consumer-focused business, but TunnelBear has also branched out into the business realm, recently introducing a new VPN product for teams, so there is scope for McAfee to build on this foundation.
That TunnelBear has sold to a major brand such as McAfee won't be greeted warmly by many of the product's existing users. However, with significantly more resources now at its disposal, TunnelBear should be in a good position to absorb any losses that result from the transfer of ownership.
Source: https://venturebeat.com/2018/03/08/mcafee-acquires-vpn-company-tunnelbear/
(Score: 1) by cpghost on Saturday March 10 2018, @08:14PM
TunnelBear is based in Canada, i.e. in one of the Five Eyes countries. Using them borders on the insane. Even VPNs in Fourteen Eyes countries should be avoided. Therefore, if McAfee acquires them, so what? I'd start worrying when McAfee et al set their sights on Panama, Switzerland etc. based VPNs.
Cordula's Web. http://www.cordula.ws/